Midco Loan Notes definition
Examples of Midco Loan Notes in a sentence
Each Party shall pay its own costs and expenses in relation to the negotiation, preparation, execution and implementation by it of this agreement, of each document referred to in it and the sale and purchase of the Midco Loan Notes.
Each Joint Offeror has agreed to grant Topco an option to call for the sale of the relevant Midco Loan Notes to Topco on the terms of this agreement.
Each Rollover Shareholder has agreed to grant Topco an option to call for the sale of the relevant Midco Loan Notes to Topco on the terms of this agreement.
B Topco has agreed to grant each Joint Offeror an option to require Topco to buy the relevant Midco Loan Notes from such Joint Offeror on the terms of this agreement.
B Topco has agreed to grant each Rollover Shareholder an option to require Topco to buy the relevant Midco Loan Notes from such Rollover Shareholder on the terms of this agreement.
The Call Option may not be exercised in respect of Midco Loan Notes if the Put Option has been exercised in respect of such Midco Loan Notes prior to the exercise of the Call Option.
Each Joint Offeror hereby waives any pre-emption rights they may have (whether pursuant to the articles of association of Topco or otherwise) in connection with the transfer of the Midco Loan Notes pursuant to the exercise and completion of either Option.
Each Rollover Shareholder hereby waives any pre-emption rights they may have (whether pursuant to the articles of association of Topco or otherwise) in connection with the transfer of the Midco Loan Notes pursuant to the exercise and completion of either Option.
Where a Rollover Shareholder is required to sell the Midco Loan Notes, it shall do so with full title guarantee, free from all Encumbrances and together with all rights attaching to them to the intent that, from Completion, all rights and advantages accruing to those Midco Loan Notes shall belong to Topco.
Option shall create a binding obligation on Topco to buy, and on the relevant Joint Offeror to sell, the Midco Loan Notes set out against such Joint Offeror’s name in column 3 of schedule 1.